27 April 2017
FINANCIAL SCIENCES SUPPORTS COMPLEX BRAZILIAN FIXED INCOME CALCULATIONS AND CONVENTIONS WITH ATOM
Functionality in ATOM treasury management system fills gap in market
JERSEY CITY, NJ, April 27, 2017 — Financial Sciences Corporation, a developer of advanced treasury management, risk management and corporate governance software solutions, today announced that its ATOM treasury management solution (TMS) offers enhanced support for Brazilian fixed income instruments, calculations and conventions.
“Brazilian calculation conventions are very challenging to handle due to compounding and other inflation-related calculations,” said Alf Newlin, CEO of Financial Sciences Corporation. “ATOM is one of the very few TMS solutions that can correctly perform the interest calculations, administration, pricing and accounting for a wide range of Brazilian security types, including the CDI (interbank deposit rate) and Taxa de Juros de Longo Prazo (long-term central bank rate).”
In addition to support for the Brazilian 272 day-count convention and grace periods, ATOM provides user-customizable rounding conventions specific to this market. The system accommodates upfront and periodic fees and taxes, and handles compounding interest and floating-rate calculations.
ATOM provides a uniquely visual interface, self-service reporting and powerful functionality that bring together all aspects of treasury operations, financial risk management, governance and compliance into one web-based solution. By automating essential treasury processes, ATOM helps clients achieve real-time visibility of cash and risk, ensure compliance and implement best practices throughout their treasury operations.
About Financial Sciences Corporation
Founded in 1987, Financial Sciences Corporation is a leading provider of enterprise treasury, electronic trading and securities processing systems to multinational corporations and financial institutions. The company supports its clients through offices in the NYC metro area and Beijing, China. For more information, please visit www.fisci.com.